Trilogy Announces Closing of Private Placement

Core Points - Trilogy AI Corp. has successfully closed a non-brokered private placement, raising a total of $2,000,000 by issuing 10,000,000 units at a price of $0.20 per unit [1][2] Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one share at a price of $0.30 for 24 months [2] - The company paid a cash commission of $75,000 and issued 375,000 Finder Warrants to certain finders, each exercisable for one share at a price of C$0.30 for 24 months [3] Group 2: Use of Proceeds and Conditions - The net proceeds from the offering will be utilized for general working capital [4] - The closing of the offering is subject to compliance with post-closing requirements of the Canadian Securities Exchange, and all securities issued are subject to a statutory hold period of four months and one day [4] Group 3: Company Overview - Trilogy AI Corp. is focused on transforming the beauty industry through its AI beauty technology named "Scarlett" [6]